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. >>> just when you thought the fiscal cliff talks was at a standstill, boehner spent the day at the white house with obama, and we like to spend our afternoons with analysts. we have the senior writer for espn. good to see both of you. okay? >> yes. >> boehner had pretty tough words for the president on friday. let's listen. >> there is a lot of things possible to put the revenue on the table but none of it will be possible if the president insists on his position and insist on my way or the highway. >> anna, he also said the white house has wasted another week, and now two days later, they are meeting again. did boehner's remarks make the difference? >> good. i think it's great. we cannot reach a deal if you are posturing and negotiating through press conferences. they need to sit in a room and look at each other and talk constructive debate and move the ball forward. i think what happened today is a very good sign. americans should be encouraged, it's a good thing when the congressional leader and president is capable of meeting and talking about the difficult issues that face thi
. >>> just when you thought the fiscal cliff talks was at a standstill, boehner spent the day at the white house with obama, and we like to spend our afternoons with analysts. we have the senior writer for espn. good to see both of you. okay? >> yes. >> boehner had pretty tough words for the president on friday. let's listen. >> there is a lot of things possible to put the revenue on the table but none of it will be possible if the president insists on his position...
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Dec 6, 2012
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go over the fiscal cliff. take $1.2 trillion out of spending and tax hikes, stops the spending. mandatory spending cuts across the board. you know what? the only way to do it. only way to do it. everything else is chump change. >> dana: how do you deal with deficit reduction if you raise the taxes on a portion of the country that will pay for the government for 8.5 days? >> bob: you couple that with the social security adjustments and medicare. 'canes that is not what geithner put on the table. >> dana: that is going to be on -- >> bob: that is what is going to be on the table. >> dana: republicans held their feet on the fire. >> bob: whatever it took. >> greg: i used to think howard dean was a proctologist because he had his head up his butt but he pulled the curtain back. it's never about raising taxes on the rich because you run out of rich. >> andrea: right. >> greg: that is the point. >> eric: raise tax on everyone who pays taxes or everyone? everyone means the poor and 47% will start paying. >> greg: if you raise taxes up 2%, eight days of government? >> andrea: the dirty
go over the fiscal cliff. take $1.2 trillion out of spending and tax hikes, stops the spending. mandatory spending cuts across the board. you know what? the only way to do it. only way to do it. everything else is chump change. >> dana: how do you deal with deficit reduction if you raise the taxes on a portion of the country that will pay for the government for 8.5 days? >> bob: you couple that with the social security adjustments and medicare. 'canes that is not what geithner put...
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Dec 9, 2012
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republicans will demand there whether it's part of the deal in the fiscal cliff or to raise the debt limit. >> i'm glad you brought that up. in terms of spending, which clearly has to be cut, the president from the reports this week wants to raise the debt ceiling without asking anybody. did they comment on that? >> what he's saying is give me the unilateral right to raise the debt ceiling, which congress had has had to approve, then congress can disapprove with a two-thirds vote. that would mean i could increase it when he wants. it's very unlikely that -- almost impossible, republicans in congress would go along seeding there kind of authority with the president. they might agree to increase the debt limit for enough money to take him through the end of the term. but they're not just going to give him or future presidents the authority to increase the debt limit. that's part of the power congress has. >> we hope to see them working hard at this, time getting close to the end of the year. >> 23 days and counting. >> keep the stopwatch going. happy sunday. >> you bet, thank you. >> d
republicans will demand there whether it's part of the deal in the fiscal cliff or to raise the debt limit. >> i'm glad you brought that up. in terms of spending, which clearly has to be cut, the president from the reports this week wants to raise the debt ceiling without asking anybody. did they comment on that? >> what he's saying is give me the unilateral right to raise the debt ceiling, which congress had has had to approve, then congress can disapprove with a two-thirds vote....
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cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joey reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to have to be calculated with either this new version of the amt or the fixed version, and that is the difference between it affects -- it adds tens of millions of people getting bitten by this thing. i know that the insiders are more worried about that actually getting fixed than the cliff at this point. >> yeah. when i started covering capitol hill in washington, there were two things that people talked about, which was the amt patch and the dock fix. everyone is like where are we on the amt fix. they adjust the payments and do this thing with the amt. we were asking early on, is there a way?
cliff budget negotiations that as of this hour are still focused entirely on income tax rates. there is much more that congress has to solve than income tax rates including the amt, medicare spending, medicaid, and possibly social security. joining me to talk about the things that congress is not yet talking about but will soon be talking about, joey reed and chris hayes. chris, the amt has a deadline to it that is sharper than anything else in here, because these 2012 tax returns going to have...
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Dec 9, 2012
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stalemate recommended take the country over the fiscal cliff in three weeks. they want to about to the president's demand that taxes go up for the wealthy. >> will i accept a tax increase to actually solve our problems? yes. >> we have one house and that's it. this is in the democrats' hands. >> we agree on 98% of this, to me, i would just get it off the table also they don't worry about it. >> they agreed that visits are going up on the rich no matter what. >> you cannot generate enough revenue to have meaningful deficit reduction. >> republicans want a big spending cuts from programs like medicare and social security. >> we do not want to be here in another year or attend. >> on both sides of pennsylvania avenue, from main street to wall street, americans are waiting to see who will blink first. both are eager to wind down the crisis, but no one wants to walk away in defeat. , wbal-tv 11 news. >> an update on a former president in the hospital. >> former president george h. w. bush remained unstable condition for treatment of a bronchitis- related costs. and
stalemate recommended take the country over the fiscal cliff in three weeks. they want to about to the president's demand that taxes go up for the wealthy. >> will i accept a tax increase to actually solve our problems? yes. >> we have one house and that's it. this is in the democrats' hands. >> we agree on 98% of this, to me, i would just get it off the table also they don't worry about it. >> they agreed that visits are going up on the rich no matter what. >> you...
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back in this country, we are just over three weeks away from falling over the so-called fiscal cliff, that combination of tax increases and deep federal spending cuts. nancy cordes reports the back-and-forth showed no sign of letting up today 20 white house and the republicans in congress. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm willing to find ways to bring down the cost of health care without hurting seniors and other americans who depend on it. and i'm willing to make more entitlement spendings cuts on top of the $1 trillion in spending cuts i signed into law last year. >> reporter: his remarks came one day after house speaker john boehner announced the talkes were stalled. >> well, this isn't a progress report because there's no progress to be report. >> reporter: his democratic counter-part ploals blamed boehner for the stalemate. >> what they offered in return was an empty letter lacking in specifics. >> reporter: such is the
back in this country, we are just over three weeks away from falling over the so-called fiscal cliff, that combination of tax increases and deep federal spending cuts. nancy cordes reports the back-and-forth showed no sign of letting up today 20 white house and the republicans in congress. >> reporter: in his saturday weekly address, president obama signaled he is open to making cuts on programs like medicare and medicaid if republicans agree to raise tax rates for the rich. >> i'm...
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we don't know what will happen in this hour, in this meeting so we could still go over the fiscal cliff. the second poll, the best way or fix this budget problem, 57%. mostly spending cuts. raise my taxes. >> dana: this is the problem that the democrats are starting to realize, they let this go on too long. you never under estimate the obama administration tendency to overplay their hand. yes, they had a good hand, but they do too much. then the public catches up with what is going on here. they say wait a second, for spending cuts and the new stories are starting to change. that the democrats say they are not for that. >> bob: the people blame republicans if it doesn't work. they blame obama. if you brought up a number should rich people get tax increases overwhelmingly they yes. >> eric: let's talk about what is going on. president obama came out and said i want 1.6 trillion in new revenues. john boehner says we will give you $800 example in new revenue. obama came down to $1.4 trillion. boehner hasn't come back yet. if boehner offers $1 trillion new revenues can it pass the house? >>
we don't know what will happen in this hour, in this meeting so we could still go over the fiscal cliff. the second poll, the best way or fix this budget problem, 57%. mostly spending cuts. raise my taxes. >> dana: this is the problem that the democrats are starting to realize, they let this go on too long. you never under estimate the obama administration tendency to overplay their hand. yes, they had a good hand, but they do too much. then the public catches up with what is going on...
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. >> the speaker, last week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff erskine bolles. as he said on sunday, we have to cut spending. well, he is right. washington has a spending problem. let's be honest, we're broke, and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday. it was a nice meeting. cordal. we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. you know, where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. here's what we do know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not physicianing our problem. frankly, it's making it worse. on top of that, the president wants to ra
. >> the speaker, last week republicans made a serious offer to avert the fiscal cliff, and most of it was based on testimony given last year by president clinton's former chief of staff erskine bolles. as he said on sunday, we have to cut spending. well, he is right. washington has a spending problem. let's be honest, we're broke, and the plan that we've offered is consistent with the president's call for a balanced approach. a lot of people know that the president and i met on sunday....
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the president's plan does not fulfill what he calls a balanced approach to ending the fiscal cliff. tax hikes, increases, that's what he says this all amounts to for the president, increases in taxes, and he is not trying to reduce spending, and that's important to the republicans. he said for five weeks -- this is according to john boehner -- he's been reaching out to the president but the president has not given a serious proposal. then eric canter echoing those sentiments as well. and if we do go over the fiscal cliff, many in the polls will blame republicans. so after the phone call last night, this is all about messaging, trying to stem the tide of people who believe the republicans are responsible for putting us over the fiscal cliff if that, indeed, does happen. this is about messaging, this is about posturing as well, getting the message across. our dana bash is standing by and she will update us on that as well, what the president said and what the republicans said behind the scenes. >>> we're also following details of that deadly mall shooting in portland, oregon. panicked
the president's plan does not fulfill what he calls a balanced approach to ending the fiscal cliff. tax hikes, increases, that's what he says this all amounts to for the president, increases in taxes, and he is not trying to reduce spending, and that's important to the republicans. he said for five weeks -- this is according to john boehner -- he's been reaching out to the president but the president has not given a serious proposal. then eric canter echoing those sentiments as well. and if we...
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if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're not taxed like that. the idea that you can close that gap, i think he figured out if he can make this level of spending permanent, he changes the united states into a european socialism democracy and he'll be the most congress consl president of the last hundred years. >> it seems like we're close. we're right on the edge with all of the predictable results. >> i think you can be spee den if you -- sweden. he's risking ruin on a scale unknown, and of course, the other obvious point is that the youeuropeans are only able to do that because in fact the us army lives in germany and a
if obama wants to take the country off the fiscal cliff, they need to go there. they seem afraid of that. do you see that. >> it's clear from the election that the majority of americans essentially voted for european levels of spending. you can't have european levels of spending. we're one percent under canada. there's no difference any more, not in terms of government spending. we're close to norway. we're not quite to sweden yet, but we basically are spending like europeans, but we're...
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period well before the fiscal cliff concerns became center stage. i think those economic detier a's, components probably lead to reduced employment, and reduced consumers spending starting in the first quarter. this is an economic deterioration, probably amplified by the policy concerns, but nonetheless that has occurred, and is forcing our earnings numbers lower. we're now at 10 as a good example. >> you've managed to make adam parker look like a bull. you're looking for 1390 in the s&p for next year. he had 1167, but he's looking to 1434. >> so far, i think there are a number of folks that have yet to come out, but unfortunately we have to live with that status for a while. quite frankly investors are not being paid a ton. we start to rebound -- we'll have to get more optimistic. >>> good to talk with you as always. >> thanks for having me. >> see you soon. >>> what's going on with this rally? up 125 on the dow. so the kind of stocks that are moving today? >> i think it's really important to keep in mind so much of this year, when they write the t
period well before the fiscal cliff concerns became center stage. i think those economic detier a's, components probably lead to reduced employment, and reduced consumers spending starting in the first quarter. this is an economic deterioration, probably amplified by the policy concerns, but nonetheless that has occurred, and is forcing our earnings numbers lower. we're now at 10 as a good example. >> you've managed to make adam parker look like a bull. you're looking for 1390 in the...
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, like fund manages, then they go and spend regardless of the fiscal cliff like fund managers, you can get a very strong first half of next year. i'm not there yet. that's an opportunity. >>> up next, shares of amazon soaring this year. we debate whether the holiday rush can keep this stock glowing in the green. >>> and we head to the pits to find out what the gold bugs are doing ahead of the big fed decision. "halftime" comes back right after this. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ it's part of what you slove about her.essing.e. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be
, like fund manages, then they go and spend regardless of the fiscal cliff like fund managers, you can get a very strong first half of next year. i'm not there yet. that's an opportunity. >>> up next, shares of amazon soaring this year. we debate whether the holiday rush can keep this stock glowing in the green. >>> and we head to the pits to find out what the gold bugs are doing ahead of the big fed decision. "halftime" comes back right after this. americans are...
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that is of high importance in solving the fiscal cliff negotiations and in a longer term way bringing the country to a sustainable fiscal course. what specific changes to medicare or medicaid would you be willing to imbraes today right new that would slow the growth in our medical spenting? >> i'm not going to debate the specifics on television. i think that what the president is doing, is clear that he has indicated that we have to raise the tax rate. the tax rates, bush tax cuts, was temporary in nature. >> that's not what i asked. i asked what specific would you be willing to do to address what is clearly the number one thing that is going to blow the hole in not only the economy but federal spending, federal budget over the next generation. >> what we have to do is negotiate. everything should be on the table. i think the president indicated that everything would be on the table. the president indicated he is ready to talk about entitlements, et cetera. the other side said we can cannot raise tax hikes at all. we have to make sure that everything is on the table. if everything is
that is of high importance in solving the fiscal cliff negotiations and in a longer term way bringing the country to a sustainable fiscal course. what specific changes to medicare or medicaid would you be willing to imbraes today right new that would slow the growth in our medical spenting? >> i'm not going to debate the specifics on television. i think that what the president is doing, is clear that he has indicated that we have to raise the tax rate. the tax rates, bush tax cuts, was...
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part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it continues to stop. or if you don't like that, if your worst eyes, i suggest that you does not dismount. in lieu of that retirement, i decided to set up the foundation to increase awareness of long-term debts and get solutions. never in my experience have these things are more closely linked, in the words of mike mullen. we are endlessly reminded that everything must be on the ta
part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary...
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if the fiscal cliff has, we'll go in recession. people will put off improving their home and it will impact my buds. >> abuds -- my business. >> you have more of the tax money going in, more money going in taxes. less goes in business that fix up and take care of business. we are not going to upgrade as many kitchen or replace as many appliances. the air conditioning stoves down the line. >> he said he will likely lay off employee to juggle the cost. >> big business, they if v full-time accountant and lawyers on their staff. it's part of the overhead and administration but for us it's extra expense off the top. >> it goes across the country. the latest gallup small business index released today find small business owners net capital spending inintentions for 12 months plunged to negative 14 in november. the lowest level two years. >> the dow lost 75. s&p 500 fell nine. nasdaq finished 22. down. finished 22 down. susan rice is out as potential secretary of state. we talk about that with the fox all-stars and the other cabinet shakeu
if the fiscal cliff has, we'll go in recession. people will put off improving their home and it will impact my buds. >> abuds -- my business. >> you have more of the tax money going in, more money going in taxes. less goes in business that fix up and take care of business. we are not going to upgrade as many kitchen or replace as many appliances. the air conditioning stoves down the line. >> he said he will likely lay off employee to juggle the cost. >> big business,...
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spending christmas in d.c. tracie potts has those good morning. >>> the president sitting down with john boehner, the staff sitting behind closed door, but today republican members come back to capitol hill and boehner may have a problem. >> all these members are going to come back to town, and they're going to want to play a role in these negotiations. >> the house is back today. that means conservative republicans who insist the wealthy keep this year's tax breaks could put the squeeze on their own party. that's the one thing president obama refuses to bend on. otherwise he says he's flexible. >> i understand, you know, people have a lot of different views. i'm willing to compromise a little bit. >> so are some republicans to save tax breaks for the middle class now and deal with the wealthy later. let's recognize reality, take care of as many people as we possibly can. >> polls show more taxpayers will blame republicans if taxes go up. that's increasing the odds of a year-end deal. >> it's a better than 50/5
spending christmas in d.c. tracie potts has those good morning. >>> the president sitting down with john boehner, the staff sitting behind closed door, but today republican members come back to capitol hill and boehner may have a problem. >> all these members are going to come back to town, and they're going to want to play a role in these negotiations. >> the house is back today. that means conservative republicans who insist the wealthy keep this year's tax breaks could...
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economy can go right over the fiscal cliff. and the $600 billion question. will the fed, does the fed have the fiscal fire power to offset tax hikes and spending cuts and keep the economy alive? it is a good question. we do expect the fed to keep interest rates near zero at least near 2015 and also continue to buy agency backed at the pace of $4 billion per month. a big change is the end of so-called operation twist and the potential start of what some are calling qe4. there are some big questions. do we expect some answers in about 5 minutes? let's hope. but we may not have to wait. we've got our own fed insider steve liesman here. he is in washington, where he himself scaled the georgian columns of the fed building. he is here with a preview. steve, what can we expect from the final fed decision of 2012? >> as you know, brian, i run a spdr line from the monument. that's how we get up here. this is really a historic day, and i think the market really hasn't focused on it. the fed's balance sheet is really about to explode. you just gave the numbers. i want
economy can go right over the fiscal cliff. and the $600 billion question. will the fed, does the fed have the fiscal fire power to offset tax hikes and spending cuts and keep the economy alive? it is a good question. we do expect the fed to keep interest rates near zero at least near 2015 and also continue to buy agency backed at the pace of $4 billion per month. a big change is the end of so-called operation twist and the potential start of what some are calling qe4. there are some big...
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the longer the white house walks this process the closer our economy gets to the fiscal cliff. >> stephanie: how many times can the president say it? you know, this is not negotiable. tax rates have to go up on the wealthiest. >> right. well you know, it is a very strange situation. it does feel a lot like groundhog day. but i think john boehner knows what's going to happen and right now, what he's trying to do is make a deal that won't cost him his speakership and it also won't be undermined by people in his caucus. he needs to have a significant share of republican's vote for whatever we do and i think he's trying to do that. that's why he sent us home a day early last week and canceled business this week. i think he's trying to keep his own people out of town so he has more flexibility in coming up with a solution. >> stephanie: you know it seems to me, representative, you described it exactly right. that's the problem is that they're doing what's best for them politically and you know, the president and you guys are trying to do what's best for the country. what's best for people that a
the longer the white house walks this process the closer our economy gets to the fiscal cliff. >> stephanie: how many times can the president say it? you know, this is not negotiable. tax rates have to go up on the wealthiest. >> right. well you know, it is a very strange situation. it does feel a lot like groundhog day. but i think john boehner knows what's going to happen and right now, what he's trying to do is make a deal that won't cost him his speakership and it also won't be...
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did he want to have this protracted battle that would take attention away from the fiscal cliff debate, the economic debate where he's clobbering the republicans and put it in some other area where he's not necessarily as strong? now, in terms of the enemies, i think what it was is certainly you have people with the knifes out like john mccain and lindsey graham but just as tellingly, you didn't have a lot of democrats ready to go to the mattresses for her. so, yes, they could have gotten her through, but it's not a fight a lot of the democrats were relishing having. i think it had very little to do with benghazi and i think as joy pointed out, it had a lot to do with pique, and john mccain's pique at the way susan rice treated him during the 2008 campaign. >> dana, this critique of ambassador rice having sharp elbows, i have heard that, frankly, as a sexist slur by men very often who make that kind of critique because they don't like the fact that a woman has to work ten times as hard to get into a position of seniority. you know, so all this talk of her having sharp elbows, did she r
did he want to have this protracted battle that would take attention away from the fiscal cliff debate, the economic debate where he's clobbering the republicans and put it in some other area where he's not necessarily as strong? now, in terms of the enemies, i think what it was is certainly you have people with the knifes out like john mccain and lindsey graham but just as tellingly, you didn't have a lot of democrats ready to go to the mattresses for her. so, yes, they could have gotten her...
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the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with eric's take? is the right strategy for republicans to stick to their guns, forget about compromise? >> no. i really don't -- eric is one of my favorite people. we talk a lot. but i think that, and i did work for the speaker gingrich during the shut-down fight in '96, and it did not work out well for republicans. the president has a much bigger bully pulpit than the speaker does. newt gingrich's bully pulpit was pretty big back in those days but at some point, republicans in the house -- and i think boehner is trying to look for ways to do this, speaker boehner,
the republicans and democrats alike designed the fiscal cliff. it's a series of bipartisan compromises and i think it's kind of foolish to think that this group of congressmen and senators is going to come up with a way out of something they themselves designed. >> rich, you worked for a republican speaker who went up against a democratic president over the spending issues. back then the face-off didn't turn out all that well for your party. obviously very different era. do you agree with...
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cliff. and the two most important players involving the financial future of our nation. i'm harris falkner, we're told a meeting was held behind closed door and without the media's knowledge and both men tight-lipped about what was said and when we asked for comments, both giving us the same statement, quote, this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff, we're not reading out details of the communication, but the lines of communication remain open, end quote. this meeting comes as the white house and congress appear to be at at impasse, you know by now is crippling spending and tax hikes and could cost us jobs and send us back into recession and to solve the problem, republicans say we must prevent our ballooning national debt from crushing generations. and chief white house correspondent now ed henry joins us by phone with the latest on this breaking story, ed, they kept this under wraps. how big after deal is this? >
cliff. and the two most important players involving the financial future of our nation. i'm harris falkner, we're told a meeting was held behind closed door and without the media's knowledge and both men tight-lipped about what was said and when we asked for comments, both giving us the same statement, quote, this afternoon the president and speaker boehner met at the white house to discuss efforts to resolve the fiscal cliff, we're not reading out details of the communication, but the lines of...
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if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room, and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> tom, you even picked red and green for the season? i'm kidding. tom foreman explaining to us in a way that absolutely no one else can. we have got to figure out a way to bottle this guy. he's awesome. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having diff
if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room, and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> tom, you even picked red and green for the season? i'm kidding. tom foreman explaining to us in a way that absolutely no one else can. we have got to figure out a way to bottle this guy. he's awesome. so now i can be in the...
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the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from pages 17 to 45, details on proposed spending cuts by the president, pages 17 to 45. i recommend them to you. >> so, at this point, a deal before christmas looking unlikely. as senate majority leader harry reid admitted yesterday. but in an interview with barbara walters, president obama predicted that republicans would eventually give in on taxes. >> the most important thing we can do is make sure the middle class taxes do not go up on january 1st, and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction. are you going to be able to raise taxes, yes o
the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. >> president obama responded, showing republicans where they could find the details. >> it's not a mystery. we've seen this before. this is the document that contains the specific spending cuts. the speaker of the house sent us a proposal that was two pages long that included one sentence on revenue. the proposal here includes, i believe from pages 17 to 45, details on proposed...
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Dec 10, 2012
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we'll update the talks on the fiscal cliff. >>> we couldn't see this happening. meant to be a prank call. >> more of the emotional apology from the two australian d.j.s, who pulled a royal prank that ended in the death of a nurse. >>> and she's considered to be the diana ross of mexican music. the tragic plane crash that killed a popular singer. eyewitness news at 4:00 continues with denise after this. you know how much grandma wanted to be here for your fist christmas? you see grandma lives waaaay down here and you live way up here. brian, your cousin, he's a little bit older than you he lives here, in chicago. and your aunt lisa lives here in baltimore. uncle earnie? waaay out in hawaii. but don't you worry we will always be together for christmas. [ male announcer ] being together is the best part of the holidays and cheerios is happy to be part of the family. you just ate dallas! mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offe
we'll update the talks on the fiscal cliff. >>> we couldn't see this happening. meant to be a prank call. >> more of the emotional apology from the two australian d.j.s, who pulled a royal prank that ended in the death of a nurse. >>> and she's considered to be the diana ross of mexican music. the tragic plane crash that killed a popular singer. eyewitness news at 4:00 continues with denise after this. you know how much grandma wanted to be here for your fist christmas?...
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just raise taxes on the upper income now to avoid going over the fiscal cliff. this, of course, kicks the can down the road. the republicans say no deal if spending cuts are not agreed upon, along with new revenue right now. not later. but now, the next salvo, democrats now are saying that they won't put any spending cut proposals out there, they want to first hear what cuts the republicans want first. i guess so that they can use that against them in the public forum. we'll remember the infamous granny over the cliff ad after paul ryan floated his budget. so, what is the end game here? what if john boehner doesn't blink? we now have less than three weeks before the new year. i have said it before -- i am not expecting a deal. it seems even the prospect of missed vacations for our law makers, something we already know they hold sacred, may not be enough to bring real compromise. and what about the markets? well, here's the scary part. clearly the markets are looking for a deal. look at today's nice rally. they are trading as if we will get a deal and it might on
just raise taxes on the upper income now to avoid going over the fiscal cliff. this, of course, kicks the can down the road. the republicans say no deal if spending cuts are not agreed upon, along with new revenue right now. not later. but now, the next salvo, democrats now are saying that they won't put any spending cut proposals out there, they want to first hear what cuts the republicans want first. i guess so that they can use that against them in the public forum. we'll remember the...
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they say obviously the end of the year there's a pressure point with the fiscal cliff. they see the next pressure point being february with the debt limit to try to get some serious spending cuts and go after the big three entitlements to get what they want which is to lower deficit through spending cuts. >> let's go to mcconnell. he's not a popular guy anywhere. least of all right here. but let me ask you this. is he stupid? he's not a stupid man. why would he say he would stop the government, have us risk another lowered credit rating in order to cut programs which are essential to so many people like social security and medicare? >> to throw the debt ceiling thing out there might be popular among some republican office holders in the city. i don't think it's really popular beyond that. what he said is a complete misrepresentation because after all raising the debt ceiling is to pay for what congress has already authorized. pay the bills that congress has already incurred. i don't think this is a fight you really want to have with president obama. he -- as a point of
they say obviously the end of the year there's a pressure point with the fiscal cliff. they see the next pressure point being february with the debt limit to try to get some serious spending cuts and go after the big three entitlements to get what they want which is to lower deficit through spending cuts. >> let's go to mcconnell. he's not a popular guy anywhere. least of all right here. but let me ask you this. is he stupid? he's not a stupid man. why would he say he would stop the...
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cliff negotiations, immigration reform has become like taxes and spending. do you do it step-by-step, which is what the republicans like, because they'd like to show they are tough on security and there isn't a legal path to citizenship for illegal immigrants, or do you do the whole thing all together? if i were carl rove, which isn't something i imagine myself being often, i would knock on the door of olympia snowe and say what are your lessons for us? >> fun conversation. >> that would actually be a fun conversation. we hope that carl rove, if you're listening, takes that advice. >>> coming to the recent data, planned parenthood provides less than 5% of resources to abortion services, but that's not stopping republicans in their quest to defund the organization entirely. we'll head to the lone star state and take a look at the eye of the storm just ahead. >>> lauren wanted to introduce cabbage to mainstream america. she created mother-in law's kimchi. for more, watch 7:30 on msnbc. we are gathered here today to celebrate the union of tim and laura. it's am
cliff negotiations, immigration reform has become like taxes and spending. do you do it step-by-step, which is what the republicans like, because they'd like to show they are tough on security and there isn't a legal path to citizenship for illegal immigrants, or do you do the whole thing all together? if i were carl rove, which isn't something i imagine myself being often, i would knock on the door of olympia snowe and say what are your lessons for us? >> fun conversation. >> that...
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president obama and house speaker john boehner set to meet today to discuss the fiscal cliff as the two sides have been struggling, to say the least, to reach a deal. speaker boehner says president obama wants tax increases but is resistant to spending cuts. the president is optimistic about a deal but acknowledges it's a work in progress. in public opinion, a poll from the pew research center 55% say the president is making a serious effort to reach a agreement. 32% of republican leaders. mike, we're hearing frustration from republicans but the breaking news, 5:00 p.m. east coast time these two getting together again. >> this is critical a 5:00 meeting at the white house between the president and speaker, the two key figures in trying to hammer out a deal. the republicans were trying to make the point spending is the nature of the government's problem, not tax revenue. they prepared a chart showing spending is expected to increase from now to 2041 while tax revenue is expected to hold consistent. so at one point today the speaker of the house sounded like he was kind of tired of answer
president obama and house speaker john boehner set to meet today to discuss the fiscal cliff as the two sides have been struggling, to say the least, to reach a deal. speaker boehner says president obama wants tax increases but is resistant to spending cuts. the president is optimistic about a deal but acknowledges it's a work in progress. in public opinion, a poll from the pew research center 55% say the president is making a serious effort to reach a agreement. 32% of republican leaders....
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>> we are not going into this fiscal cliff from a position of strength. there is no doubt, if we cliff dive on this we're going to have a high unemployment a lot of people will be laid off because of the spending cuts and tax increases. >> heather: and we are facing tax increases. >> absolutely. >> heather: thank you. >> gregg: new chaos unfolding in the middle east as egypt's military threatens the protestors there. syria preparing to unleash chemical weapons and people are scared seen here running for their lives to prevent two catastrophes from getting a whole lot worse. staechb yates will be with us next. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who trieit agreed that it relieved their headache fast. visit fastreliefchallenge.
>> we are not going into this fiscal cliff from a position of strength. there is no doubt, if we cliff dive on this we're going to have a high unemployment a lot of people will be laid off because of the spending cuts and tax increases. >> heather: and we are facing tax increases. >> absolutely. >> heather: thank you. >> gregg: new chaos unfolding in the middle east as egypt's military threatens the protestors there. syria preparing to unleash chemical weapons and...
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as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go off the cliff if the republicans don't acreed to that demand. so we're still at a stand still. >> paul: kim, why is the president so insistent on increasing tax rates? boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy
as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go...
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that's part of the reason we want to avoid the fiscal cliff. it's actually too much deficit reduck sln too quickly in the wrong parts of the budget. you want a more thoughtful, thought out plan. on your point about the debt ceiling, we what we need is to have certainty, know where we're headed. not have multiple showdowns but the debt ceiling is only going to be increased significantly if it goes hand in hand with a big enough deal which has real changes in the budget. so the best thing we could do is put in place a balanced plan deals with all parts of the budget and really provides the kind of sense of security that households, small businesses, everybody needs to know so we can start planning for the economy and hopefully getting things growing back again. one of the things you see is that when your debt levels are as high as they are, in this country right now, that's a tamp on economic growth and can harm growth. that's the point we're at. we know that part of a growth strategy will have to be getting control of these deficits and debt and
that's part of the reason we want to avoid the fiscal cliff. it's actually too much deficit reduck sln too quickly in the wrong parts of the budget. you want a more thoughtful, thought out plan. on your point about the debt ceiling, we what we need is to have certainty, know where we're headed. not have multiple showdowns but the debt ceiling is only going to be increased significantly if it goes hand in hand with a big enough deal which has real changes in the budget. so the best thing we...
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it's because the company blamed the fiscal cliff for its dramatically lower fiscal fourth quarter guidance which has sent the stock plummeting. it was down as much as 20% earlier today. the ceo joe kennedy says advertisers are being particularly cautious about spending in january which is included in pandora's fiscal fourth quarter. >> we did reduce guidance. i think it is very prudent because of this unique situation we have in which we're sensitive to the mix of ad spend in january as opposed to february and march. >> now, the last time pandora's stock dropped this much in one day was back in october on reports of apple preparing to launch a streaming music service. wall street analysts are keeping an eye on those very tough competitive issues as well as the fact that pandora spends over half its revenue on music licensing fees. the c.o.o. says he thinks the company is on good track and points to its mobile growth. though, investors do seem skeptical. brian. >> julia, thank you very much for that. we're going to leave it there. running a little short on time. is pandora's plunge a big bu
it's because the company blamed the fiscal cliff for its dramatically lower fiscal fourth quarter guidance which has sent the stock plummeting. it was down as much as 20% earlier today. the ceo joe kennedy says advertisers are being particularly cautious about spending in january which is included in pandora's fiscal fourth quarter. >> we did reduce guidance. i think it is very prudent because of this unique situation we have in which we're sensitive to the mix of ad spend in january as...
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. >> with defense spending on the chopping block, even with congress avoids the fiscal cliff, hudson predicts that 15% slowdown in orders next year. >> it could be june before we start seeing orders. and if that's true, i will end up laying off people. >> hudson is also concerned about taxes. because it's profits are treated as income, that puts them over 250,000 a year. the level where president obama wants taxes to go up. >> i'm supposedly a risk guy. i don't think so. i think we ought to pay our share. but that could have a significant impact to the point that i may have to lay off one or two more people. >> the financial impact of the affordable health care act is also a question mark as the plan slowly phases in. >> i believe in families and support and the employeesment but again it's a big unknown. we have looked at whether it might just be beneficial to cancel insurance and pay the penalties. >> like any military man, hudson is running every scenario to stay in business. >> it's really sad, isn't it? >> and we've got to fight our own system to survive. >> an attitude shared b
. >> with defense spending on the chopping block, even with congress avoids the fiscal cliff, hudson predicts that 15% slowdown in orders next year. >> it could be june before we start seeing orders. and if that's true, i will end up laying off people. >> hudson is also concerned about taxes. because it's profits are treated as income, that puts them over 250,000 a year. the level where president obama wants taxes to go up. >> i'm supposedly a risk guy. i don't think so....
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>> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic b
>> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm,...
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cliff. >> first, the fiscal cliff, relative to our nation's spending driven debt crisis is a pothole. you've got 0.3% of all americans that have million dollar incomes. this is a shell game. you can't tax your way out of this problem. i mean, you have revenues that are about the same levels they were five or six years ago, when deficits were running $100, $150 billion. now we know deficits are running $1 to $1.5 trillion. what's changed is on the spending side yet all this discussion is on the tax revenues. you can tax every millionaire 100% and run the government for two or three months. this is a spending driven crisis and it has to be solved on the spending side. until the president gets serious about it, i'm not sure what there is to talk about, soledad. >> i'm not sure that the only conversations have just been on the tax side. i actually think there have been conversations on both. at this moment, right, we're going over or toward the fiscal cliff. if you do nothing, all of our taxes are going up. why not, as a first move, say, listen, nobody at this point wants to raise taxes
cliff. >> first, the fiscal cliff, relative to our nation's spending driven debt crisis is a pothole. you've got 0.3% of all americans that have million dollar incomes. this is a shell game. you can't tax your way out of this problem. i mean, you have revenues that are about the same levels they were five or six years ago, when deficits were running $100, $150 billion. now we know deficits are running $1 to $1.5 trillion. what's changed is on the spending side yet all this discussion is...
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. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes loopholes and eliminate tax breaks to raise money. but insist that bush-era tax cuts must be extended for all americans. >> reporter: the standoff and the country's skyrocketing debt, concerns ryan shenecki. so much so that he's the guy in the suit, dancing gangnam style with former senator allen simpson. >> i'm keeping up on this baby. >> reporter:
. >>> lawmakers are getting an earful about why they need to avoid the so-called fiscal cliff. >> you have to nail this down. uncertainty is killing us. >> reporter: top economists talked about the impact of tax increases and government spending cuts on the middle class. >> a couple thousand dollars, means a couple months rent for this family. >> reporter: the white house has made clear the country could go over the cliff, if republicans refused to raise taxes...
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we need to avoid the fiscal cliff. >> one thing you want javier to agree to, to avoid the fiscal cliff. >> we need to have the spending cuts. >> give me an example? >> well, it is looking at the spending, entitlement reform, and growth in government. the president is moving in the wrong direction. he proposed higher taxes than he ever said during the campaign, more stimulus, more spending, that's moving us in the wrong direction. >> go ahead and respond. >> how much spending cuts do we want to see? i could tally up for you right now, $3 trillion with the spending cuts that we already enacted in law in the last year and a half. $1 trillion that came from the budget control act that was passed a year ago, that said a trillion dollars has to start coming up now, and that has begun. another trillion dollars which is going to be enacted through the sequester. we still have them. and we can move forward. that's another trillion, 1.2 trillion. let me give you the other 800 billion. we cut -- democrats without a republican vote, $716 billion in -- and we found $716 billion in savings through m
we need to avoid the fiscal cliff. >> one thing you want javier to agree to, to avoid the fiscal cliff. >> we need to have the spending cuts. >> give me an example? >> well, it is looking at the spending, entitlement reform, and growth in government. the president is moving in the wrong direction. he proposed higher taxes than he ever said during the campaign, more stimulus, more spending, that's moving us in the wrong direction. >> go ahead and respond. >>...
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cliff, urging republicans and democrats to work together to avoid automatic increases and spending cuts set for the end of the year. in baltimore, a group of demonstrators outside the social security office made their feelings known, urging a resolution that does not include cuts in social security jobs and services. >> we're concerned about the cuts in social security. and we would like to see them change. and we don't want to see our public hurt in any way. we want to serve public every day. >> you don't take money out of people's hands when you're trying to promote jobs. >> this is not a crime to cut back. >> for maryland, there's more than associate security cuts at stake. overall, maryland has 300,000 direct jobs and another 230,000 contracting jobs supported by the federal government. >> maryland has the fourth highest number of government- related jobs in the country. i'm pat warren reporting. now back to you on tv hill. >> and employees at more than 100 social security offices nationwide, participated today. the social security administration headquarters is in woodlawn, baltimo
cliff, urging republicans and democrats to work together to avoid automatic increases and spending cuts set for the end of the year. in baltimore, a group of demonstrators outside the social security office made their feelings known, urging a resolution that does not include cuts in social security jobs and services. >> we're concerned about the cuts in social security. and we would like to see them change. and we don't want to see our public hurt in any way. we want to serve public every...